Bharat Forge Ltd has informed BSE that BF Elbit Advanced Systems Private Limited, the wholly owned subsidiary of Bharat Forge Limited (BFL) has issued 3,513 equity shares of Rs. 10/- each to Elbit Systems Land and C4I Limited (Elbit) - the other JV Partner. Consequently, BF Elbit Advanced Systems Private Limited has become a Joint Venture subsidiary Company of BFL. As a result, now BFL and Elbit are holding 74% and 26% equity share capital of BF Elbit Advanced Systems Private Limited, respectively.
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